The positions in the trade dispute between Beijing and Washington are hardened, China rejects US allegations as “totally unacceptable”. Furthermore, an escalation of the dispute, which could meet Germany is in danger.
At the end of the next week, the heads of state and heads of government of the 20 largest economies to a summit in Buenos Aires. Then US President Donald Trump and the Chinese state and party chief will talk about Xi Jinping to each other.
In this tip, meet the characters in the Sino-American trade conflict are more on the storm. The competent Ministry in Beijing expressed on Thursday concern, the United States could exacerbate the dispute. “We hope that by the US of words and deeds, the damage the mutual economic and trade relations.”
The US has already imposed special duties on Chinese Goods in the volume of $ 250 billion. The people’s Republic responded with duties on US goods to the value of 110 billion dollars. US President, Donald Trump threatens to occupy the rest of China imports in the amount of 267 billion dollars in higher taxes.
Are the two leaders in Buenos Aires reason to applaud each other?
It will pull thick clouds
On Tuesday, the US had increased the pressure on the trade dispute. The US trade representative Robert Lighthizer presented an interim report, according to which the existing criminal duties of the United States, the people’s Republic not to relent.
The leadership in Beijing to support further intellectual property theft and forcing U.S. companies to her technology know-how to Chinese companies, the report said. China rejected the accusations.
Silver lining on the horizon?
China’s Ambassador to Germany, Shi Mingde, told the newspaper “The world”, the United States and China are working on the problems. Just a few days ago, China’s President Xi Jinping and his US colleague on the phone: “they agreed that both sides should seek a solution to the conflict. High-ranking officials on both sides have already made a number of contacts.” This is a good sign.
The European Compromise Attempt
EU Commission chief Jean-Claude Juncker had agreed in the summer with Trump a kind of truce in the trade dispute. The President of the U.S., saw duty on cars from Europe, of which the German economy in particular would be affected, for the time being.
The American electric car maker Tesla announced meanwhile, in China the prices significantly. In order for the duties to be compensated. Tesla has no production in China and is subject to the penalties therefore.
Or you will again, as of 2017, in Beijing, tend to talk past one another, and look?
Berlin Fears
The German economy fears that you will get the effects of customs disputes: The growth rate of the threat is lower to fail, because of Brexit and the Italian budget dispute, but also by the “of the U.S. outbound trade disputes – of the country that was the beacon of international cooperation and free trade,” said employers ‘ President Ingo Kramer in Berlin.
German Chancellor Angela Merkel stressed that the EU offer some protection screen for Germany in a time of growing protectionism: “If you imagine that Germany alone the considerations of the United States in trade and particularly customs would be exposed to questions, then we would have much worse cards.”
Trump has threatened to impose European cars with an import tariff of 20 percent, should reduce EU trade barriers.
dk/bea (Reuters)